USD/TRY Outlook: Lira’s Positive Sentiment Soured after CBRT Governor Fired
The Turkish lira was the top loser in Asian session as the pair opened with strong gap higher (nearly 15 figures) on Monday, on announcement that Turkish President Erdogan fired the Governor of Turkish Central Bank on Saturday that The...
GBPCAD Reaches New 20-Month Low; Strongly Negative
GBPCAD is currently recording a new 20-month low near 1.6344 as it is plummeting over the last couple of months. The momentum indicators are still developing in oversold levels. The RSI, which has been moving below its 30 level over...
GBP/USD And USD/CAD Showing Signs Of Weakness
GBP/USD started a major decline after it failed to surpass the 1.2750 resistance area. USD/CAD is also trading in a bearish zone and it could struggled to climb above 1.3120. Important Takeaways for GBP/USD and USD/CAD The British Pound remained...
Elliott Wave Update: Bulls Can Slow Down On USD/CHF!
USDCHF is recovering in a fifth wave, like EURUSD, however into the opposite direction. We are observing a five-wave rise in progress, with a possible top, and resistance for the fifth wave being seen near the Fibonacci ratio of 161.8/200.0...
EUR/USD Outlook: Euro Falls to Two-Week Low and Risks Further Weakness after Robust NFP Data
The Euro fell to the lowest levels in two weeks after robust US NFP data showed stronger than expected rise in June (224K vs 160K f/c and downward revised May result to 72K from 75K). Strong jobs data inflated dollar,...
EURGBP Uptrend Hits Obstacle; Starts Losing Momentum
EURGBP has hit a strong wall at the 78.6% Fibonacci retracement of the downleg from 0.9111-0.8471 around 0.8974. Momentum indicators remain in bullish territory but are sending out mixed signals for the near-term picture. The stochastics are pointing upwards, suggesting...
EUR/USD Could Go Downwards
Yesterday, the EUR/USD currency pair traded sideways, testing the support level formed by the weekly S3 at 1.1275. During Friday’s morning, the pair breached the given support level. Note, that the exchange rate is still pressured by the 55– and...
GBP/USD Might Decline In Short Term
During the previous trading session, the GBP/USD exchange rate traded sideways at the psychological level at 1.2580. During today’s morning, the rate declined to the 1.2560 level. It is expected, that the currency pair could continue to decline within the...
USD/JPY Reached 108.00 Mark
On Thursday, the USD/JPY currency pair traded sideways at the psychological level at 107.80. During Friday’s morning, the pair jumped to the 108.00 mark. It is likely, that the exchange rate could maintain its growth in the short run due...
XAU/USD Likely To Trade Sideways
Yesterday, the XAU/USD exchange rate tried to surpass the psychological level at 1,425.00. Note, that gold is supported by the 100– and 200-hour SMAs, currently located circa 1,410.00 mark. Thus, if the given support holds, it is expected, that a...
Signal2forex.com - Best Forex robots and signals




